Top-performing agriculture & sugar stocks in June 2021
Sugar is said to be entering into a cyclical trend.
As the monsoon season has begun, the agriculture sector is once again in the spotlight as investors remain optimistic about the sector’s outlook.
While agriculture exports zoomed recently, companies belonging to the agriculture sector reported improved performance for Q4FY21. The strong performance of agriculture companies for Q4FY21 further boosted investors’ confidence in agriculture stocks, which have seen a strong momentum.
The biggest gainers in the rally have turned out to be sugar stocks, rewarding investors with high returns. Sugar is said to be entering into a cyclical trend. Prime Minister Narendra Modi’s announcement that the government has resolved to meet the target of 20 per cent ethanol blending in petrol by 2025, which currently stands at 8.5 per cent boosted the rally of sugar stocks.
Though the agriculture sector looks a bit tipsy for short-term investments, it remains extremely bullish in the medium to long-term investment perspective.
Some of the top-performing agriculture & sugar stocks in June 2021 include:
|
Company name
|
Returns (per cent)
|
|
Since June 1 TD
|
YTD
|
|
Dharani Sugars & Chemicals Ltd
|
93.63
|
227.06
|
|
Shree Renuka Sugars Ltd
|
83.77
|
132.02
|
|
Dhunseri Tea & Industries Ltd
|
74.25
|
114.45
|
|
Simbhaoli Sugars Ltd
|
71.54
|
199.87
|
|
KM Sugar Mills Ltd
|
69.92
|
163
|
|
Riga Sugar Company Ltd
|
62.93
|
111.88
|
|
Gayatri Sugars Ltd
|
59.69
|
100.98
|
|
Indrayani Biotech Ltd
|
58.35
|
45.26
|
|
BKV Industries Ltd
|
57.73
|
232.02
|
|
Dolfin Rubbers Ltd
|
50.11
|
66
|
|
James Warren Tea Ltd
|
46.03
|
52.68
|
|
Rana Sugars Ltd
|
45.42
|
198.75
|
|
Bajaj Hindusthan Sugar Ltd
|
44.82
|
158.6
|
|
Diligent Industries Ltd
|
40.42
|
25.52
|
|
BCL Industries Ltd
|
30.72
|
144.63
|